There Are Certain Transactions That Are Enforceable Without Consideration

question 6

Multiple Choice

There are certain transactions that are enforceable without consideration.These include:

• A)promises to pay a debt barred by the statute of limitations.
• B)a promise to pay a debt that has been discharged in bankruptcy if certain requirements are met.
• C)a new promise to perform a voidable obligation that has not previously been avoided.
• D)All of the above.

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Definitions:

Social Sciences

Academic disciplines that study human society and social relationships through various methods of empirical investigation and critical analysis.

Business

Organized efforts by individuals or entities to produce and sell goods and services for profit.

Social Exclusion

The process through which individuals or groups are systematically blocked from rights, opportunities, and resources that are available to others in society.

Social Class

Social class refers to divisions within a society based on social and economic status, often determined by wealth, occupation, and educational attainment.